Performance Account Guidelines Clause Samples

Performance Account Guidelines. ● TRADING PLATFORMS AND Market Data fees The ANALYST agrees to use the platforms approved by the COMPANY. The following list is subject to change without prior notice: R Trader iTrader Track’Ntrade R Trader Pro ▇▇▇▇▇▇.▇▇▇ Scalptool Ninjatrader MotiveWave Sierra Chart Jigsaw Trading InsideEDGE Trader R invester Agena Trader Multicharts Quick Screen Trading Quantower Photon Bookmap Order Flow Trading Trade Navigator QScalp Any use of unauthorized platforms by the ANALYST may generate additional costs which shall be billed to the ANALYST. The ANALYST accepts that the use of an unauthorized platform may result in the termination of the account. The COMPANY shall give free access codes that will allow the ANALYST to connect to the Chicago Mercantile Exchange (CME). The COMPANY covers the costs related to the use of the trading platforms and Market Data as long as the account is active. ● TRADING SCHEDULE AND ROLLOVERS Each instrument must be traded within the official opening hours of the Market. The ANALYST must refer to each Exchange website for an official schedule. Rollovers represent the final settlement date in a futures contract. When a futures contract has reached its expiration date, it is replaced with a new contract of the same commodity for the next delivery period. Before a contract is rolled over, all positions must be closed 05 minutes prior to the expiration time. The ANALYST is responsible for managing his/her positions. Any violation will result in the automatic termination of the agreement. ● DAILY LOSS Daily loss limits and drawdowns are set according to the size of the trading account, ensuring realistic risk management for the individual trader. The Daily Loss Limit is a set amount that the ANALYST may lose in a day, either on his/her total trades of the day or on a single trade. The TTT PERFORMANCE ACCOUNT (10k) daily loss limit is set at USD 350 (commissions included). ● DRAWDOWN The Tick Drawdown does not change if your account balance decreases from the previous day. The Tick Drawdown increases when your account balance has reached a new high at the end of the trading day. The Drawdown is updated at the end of each trading day. The ANALYST can check the Tick Drawdown at any time in the RTrader “Auto liquidate threshold” column. Once the Tick Drawdown has reached the initial balance of the account (i.e. USD 10,000), it can no longer decrease below that floor. The TTT PERFORMANCE ACCOUNT (10k) Tick Drawdown is set at USD 1,000 (commissio...